Ritholtz Wealth Management Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Ritholtz Wealth Management increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 752 shares of the industrial products company’s stock after purchasing an additional 91 shares during the quarter. Ritholtz Wealth Management’s holdings in Roper Technologies were worth $424,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the 1st quarter worth $25,000. Rise Advisors LLC acquired a new position in Roper Technologies during the first quarter worth about $27,000. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the first quarter valued at about $29,000. Versant Capital Management Inc grew its position in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $32,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 1.1 %

Shares of NYSE ROP opened at $558.51 on Thursday. The stock has a market capitalization of $59.87 billion, a PE ratio of 40.53, a P/E/G ratio of 2.91 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average of $549.33 and a 200-day moving average of $544.85. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. On average, analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a dividend of $0.75 per share. The ex-dividend date was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of analyst reports. Barclays increased their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Royal Bank of Canada lifted their price objective on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Jefferies Financial Group raised their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Truist Financial reissued a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Finally, Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. In the last three months, insiders sold 3,940 shares of company stock worth $2,214,019. Corporate insiders own 0.87% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.